1 article
If the court finds that the grounds set forth below exist with respect to a liquidating stock company, it orders relevant liquidating stock company to commence special liquidation in response to the filing under the provisions of Article 514:
the existence of circumstances prejudicial to the implementation of the liquidation; or
清算の遂行に著しい支障を来すべき事情があること。
the suspicion that the liquidating stock company is insolvent (meaning the status where the assets of the liquidating stock company is not sufficient to fully discharge its debts; the same applies in paragraph (2) of the following Article).